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Market SnapshotGlobal supplies of Acrylic Acid are likely to remain strong over the next couple of years with emerging markets posting higher demand. Acrylic Acid remains a sought-after industrial material, owing to its wide-ranging properties. Acrylic Acid is a specialty chemical and finds widespread application in several large-scale industrial verticals. Construction, polymer and adhesive are some of its major end-use industries, which are exhibiting healthy growth. The aforementioned factors are expected play a key role in governing the growth trends of the Global Acrylic Acid Market in the forthcoming years. By the year 2022, the market is projected to stand at over USD 18,300 Mn up from USD 13,599.9 Mn, reflecting a considerable CAGR. The concern, however, comes for the market from the ecological front, as acrylic acid continues to attract intensive scrutiny when it comes to measuring its environmental viability.
Report Abstract
This MRFR perspective presents a thorough discussion on the Global Acrylic Acid Market along with a six-year (2016-2022) market forecast. The discussion includes an analysis of industry and market trends. It also offers insights on key macro and micro-economic factors that are likely to influence the market in the near future. A part of the discussion focusses on different types of acrylic acid such as superabsorbent polymers, methyl acrylate, ethyl acrylate, water treatment polymers, 2-ethylhexyl acrylate, elastomers, and butyl acrylate. The scope of discussion also covers major application areas of Acrylic Acid such as paper coatings, sealants & adhesive, agriculture, plastic sheets, and diapers. Assessment of the market is on global level, covering Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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Companies Profiled
BASF SE, The Dow Chemical Company, Arkema SA, Evonik Industries, Nippon Shokubai Co. Ltd, Taixing Jurong Chemical Co Ltd, PJSC Sibur Holding, LG Chemicals, Shenyang Chemical Co Ltd, Mitsubishi Chemical, and Hexion Inc.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Research Methodology
Market Research Future (MRFR) offers relevant and fact-based market intelligence. Cutting-edge research and evaluation methods are employed to interpret market shifts and uncover trends from data collected through primary and secondary research. The credible sources referred to, for data collection include interviews with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, etc.), surveys, SEC filings, paid database services, and whitepaper references among others. The top-down and bottom-up approaches authenticate the accuracy of the holistic insights and statistical observations presented in our reports. Latest data science tools are used for mapping data and bridging gaps in research findings. A multi-layer verification process reaffirms the credibility of the actionable market intelligence offered through our studies.
Other Description
Currency- USD
Base year- 2015
Forecast Period- From 2016 to 2022
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